OKI to Enhance Investment in LEDs

Achieves Fourfold Increase in Production Capacity, Which Will Accelerate Its
Printer Business and Help to Develop New LED-Related Businesses

TOKYO--(Business Wire)--
OKI Electric Industry (TOKYO:6703) and OKI Data Corp., which markets under the
OKI Printing Solutions brand today announced that the OKI Group will increase
its LED (light-emitting diode) production for print heads used in its non-impact
printers, and enhance new LED-related businesses. This will be achieved by
acquiring an LED production facility in Japan`s Takasaki City in Gunma
Prefecture with a `clean room` that is approximately twice the area of the room
used currently. OKI aims to further enhance its non-impact printer business in
addition to developing new businesses using LED technology. This investment is
the first step in OKI`s new growth strategy, through which it plans to
accelerate new business developments.

"OKI has been revamping its business structure and we now focus on two business
areas: `Info-telecom converged business` and `mechatronics business,` which is
represented by ATMs and printers. We have been shifting resources and creating
strong technologies and solutions to achieve robust business growth," said
Hideichi Kawasaki, President at OKI Electric Industry. "This is the first of
many decisions I will be making with regard to developing new businesses to
accelerate our growth strategy. I believe that increasing our LED production
capacity will enable us to apply our competitive LED technology not only to our
printers but also to new areas, such as ultra small displays, where growth is
expected."

OKI`s LED technology is currently used in the print heads as a light source for
its non impact printers. The Group also develops "Epi Film Bonding (EFB)
technology" in which without the need for adhesives, thin film material is
bonded by utilizing the intermolecular bonding force working to hold the film
together. OKI was the first in the world to successfully manufacture this
technology for commercial use, and expects to deploy it in various applications.

The new facility will be acquired under a basic agreement concluded between OKI
Data and Renesas Technology Corp., in which OKI Digital Imaging Corp. (ODI) will
acquire the land (3,521m2), buildings (9043m2 in area), and utilities of the
former semiconductor front-end process line (Takasaki, Gunma Prefecture) of the
Gunma Development Design and Device Division of Renesas Eastern Japan
Semiconductor, Inc. ODI will acquire this at the end of November 2009, and
operations at the new location are scheduled to start in April 2010, after ODI
relocates to Takasaki.

"With a clean room that has a high level of cleanliness and which doubles our
current capacity, OKI Data expects to boost its LED print head production by
fourfold.This will help us double our non impact printer sales by the fiscal
year ending March 2012," said Harushige Sugimoto, President and CEO of OKI Data.
"We also expect stronger synergy between the development team and the production
team as the new location will be close to OKI Data`s Taksaki plant, which, I
believe, will then enhance our product development capabilities."

The average annual growth rate of the global non impact printer market
(excluding ink jet) for business-use, is said to be 5%, and the market size will
increase from 21 million units in 2009 to about 25 million units in 2013.
(Source: IDC Q1 2009)OKI Group aims to increase its market share in this growing
market by boosting LED print head production and realizing greater commercial
value.

Notes:

-Names of companies and products are trademarks or registered trademarks of the
respective companies and organizations.

About Oki Electric Industry Co., Ltd.

Founded in 1881, Oki Electric Industry Co., Ltd. is Japan's first
telecommunications manufacturer, with its headquarters in Tokyo, Japan.OKI
provides top-quality products, technologies and solutions to its customers
through its info-telecom system business and printer business.All businesses
function as a collective force to create exciting new products and technologies
that satisfy a spectrum of customer needs in various markets.Visit OKI's global
web site at http://www.oki.com/.

About OKI Data Corporation

OKI Data Corporation, which markets its products under the OKI Printing
Solutions brand, specializes in designing, developing, manufacturing and
marketing business printing solutions which empower organizations to communicate
more effectively. As a market leader in the global color printer market, OKI
Printing Solutions has representation in 120 countries worldwide offering
innovative and leading edge products and services. Its annual turnover for FY07
is 187.9 billion yen and sales are divided between 54% EMEA, 22% Americas, 18%
Asia and Oceania and 6% Others. OKI Printing Solutions is the brand name of OKI
Data Corporation, a subsidiary of Tokyo-based Oki Electric Industry Co. Ltd.,
established in 1881 and Japan`s first telecommunications manufacturer. For
more　information, please visit http://www.okiprintingsolutions.com

Press contact for OKI Electric Industry:
For Europe and Americas:
Naomi Takeuchi, +1-408-731-6255
Public Relations Division
press@oki.com
For Asia and Other Areas:
Akiko Horiguchi, +81-3-5403-1247
Public Relations Division
press@oki.com

Press contact for OKI Data:
Sonomi Kitamura, +81-3-5445-6164
Public Relations Division
okiprintingsolutions-press@oki.com

Copyright Business Wire 2009